Builders FirstSource, Inc. (NASDAQ:BLDR) has been assigned an average recommendation of “Hold” from the eight research firms that are covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $17.33.
A number of analysts have commented on BLDR shares. FBR & Co reiterated a “buy” rating and issued a $20.00 price objective on shares of Builders FirstSource in a research report on Tuesday, June 27th. Zacks Investment Research downgraded Builders FirstSource from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. BidaskClub raised Builders FirstSource from a “hold” rating to a “buy” rating in a report on Wednesday, July 19th. Deutsche Bank AG increased their target price on Builders FirstSource from $17.00 to $19.00 and gave the stock a “buy” rating in a report on Wednesday, August 9th. Finally, Wedbush reissued a “buy” rating and issued a $20.00 target price on shares of Builders FirstSource in a report on Thursday, September 7th.
Shares of Builders FirstSource (NASDAQ:BLDR) traded up 0.23% during midday trading on Wednesday, hitting $17.51. The stock had a trading volume of 348,919 shares. Builders FirstSource has a 12-month low of $9.04 and a 12-month high of $18.23. The firm has a 50-day moving average of $16.72 and a 200 day moving average of $15.62. The firm has a market cap of $1.97 billion, a PE ratio of 11.52 and a beta of 2.09.
Builders FirstSource (NASDAQ:BLDR) last announced its quarterly earnings data on Thursday, August 3rd. The company reported $0.37 EPS for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.03. Builders FirstSource had a return on equity of 43.83% and a net margin of 2.60%. The company had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.83 billion. During the same quarter last year, the company earned $0.31 EPS. The company’s quarterly revenue was up 9.9% on a year-over-year basis. On average, analysts expect that Builders FirstSource will post $1.11 earnings per share for the current year.
In other news, major shareholder Jll Partners Fund V. Lp sold 13,482,177 shares of the stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $16.17, for a total value of $218,006,802.09. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert C. Griffin sold 17,655 shares of the stock in a transaction that occurred on Friday, September 8th. The stock was sold at an average price of $16.83, for a total value of $297,133.65. Following the completion of the transaction, the director now directly owns 40,050 shares of the company’s stock, valued at $674,041.50. The disclosure for this sale can be found here. Over the last three months, insiders sold 13,645,368 shares of company stock valued at $220,735,138. 14.60% of the stock is currently owned by insiders.
Several institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. raised its holdings in shares of Builders FirstSource by 8.9% in the 2nd quarter. BlackRock Inc. now owns 6,912,890 shares of the company’s stock worth $105,905,000 after buying an additional 563,694 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Builders FirstSource by 2.0% in the 2nd quarter. Vanguard Group Inc. now owns 6,034,263 shares of the company’s stock worth $92,445,000 after buying an additional 119,876 shares in the last quarter. Eagle Asset Management Inc. raised its holdings in shares of Builders FirstSource by 34.4% in the 2nd quarter. Eagle Asset Management Inc. now owns 3,227,017 shares of the company’s stock worth $49,437,000 after buying an additional 825,756 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Builders FirstSource by 5.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,193,970 shares of the company’s stock worth $48,931,000 after buying an additional 174,777 shares in the last quarter. Finally, Balyasny Asset Management LLC raised its holdings in shares of Builders FirstSource by 3.3% in the 2nd quarter. Balyasny Asset Management LLC now owns 1,934,926 shares of the company’s stock worth $29,643,000 after buying an additional 61,899 shares in the last quarter. 85.46% of the stock is owned by institutional investors and hedge funds.
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About Builders FirstSource
Builders FirstSource, Inc is a supplier and manufacturer of building materials, manufactured components and construction services to professional contractors, sub-contractors, remodelers and consumers. The Company’s operating segments include Northeast, Southeast, South and West. As of December 31, 2016, it operated at 400 locations in 40 states across the United States.
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